District of Columbia, District of Columbia Housing Market Prices
District of Columbia Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price About the same as the District of Columbia median$597,276
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Median rent About the same as the District of Columbia median$1,953
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | District of Columbia | District of Columbia Avg | US Average |
|---|---|---|---|
| Median Home Price | $597,276 | $597,276 | $248,835 |
| Price Trend (Annual %) | 7.4% | 7.4% | 7.5% |
| Median Gross Rent | $1,953 | $1,953 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in District of Columbia is about the same as in District of Columbia. Rent follows a similar pattern, running close to the District of Columbia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in District of Columbia, up about 7.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in District of Columbia rose about 47.2% between 2015 and 2024, from $1,327 to $1,953. Over the same span, rent in District of Columbia rose about 47.2%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in District of Columbia.
Buying the median-priced home in District of Columbia costs roughly 25.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in District of Columbia. The price-to-rent ratio in District of Columbia is about 25.5.
| Metric | District of Columbia | District of Columbia Avg | US Average |
|---|---|---|---|
| Median Home Price | $597,276 | $597,276 | $248,835 |
| Median Household Income | $110,571 | $110,571 | $80,455 |
| Price-to-Income Ratio | 5.4 | 5.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in District of Columbia rose about 62.5%, while median household income rose about 92.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | District of Columbia | District of Columbia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.3% | 37.3% | 58.5% |
| Rental Rate | 52.6% | 52.6% | 31.2% |
| Vacancy Rate | 10.1% | 10.1% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
District of Columbia has a homeownership rate of 37.3%, about the same as the District of Columbia average of 37.3%. Its housing vacancy rate is 10.1%, compared with 10.1% in District of Columbia.
Housing Stock
| Metric | District of Columbia | District of Columbia Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.99 people | 1.99 people | 2.53 people |
| Median Structure Built Year | 1968 | 1968 | 1978 |
| Median Number of Rooms | 3.9 | 3.9 | 5.5 |
The typical housing unit in District of Columbia was built around 1968. On average, 2.0 people live in a home with about 3.9 rooms, staying for about 13.0 years on average.
District of Columbia, DC Housing Compared With Nearby Counties
District of Columbia, DC is the 3rd largest of the 4 counties compared here, 678,314 residents against a local median of 959,665. Where District of Columbia, DC breaks from the counties next to it is median home price, sitting 61% above the local median of $370,061 at $597,276.
Homeownership tells the same story from another angle: 41.5% against a local median of 62.3%, 33% below it. The one measure here that carries a verdict is homeownership, and at 33% below the local median it puts District of Columbia, DC at the weaker end of the local range. The counties themselves spread $310,498 on median home price, so District of Columbia, DC sits at one end of an already wide local range rather than apart from it. District of Columbia, DC has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| District of Columbia, DC | 678,314 | $597,276 #2/4 | $1,953 #3/4 | 41.5% #3/4 |
| Arlington County, VA | 236,150 | $370,061 | $2,321 | 41.3% |
| Prince George's County, MD | 959,665 | $344,074 | $1,799 | 62.3% |
| Fairfax County, VA | 1,147,383 | $654,572 | $2,275 | 68.6% |
Frequently Asked Questions
Common questions about the housing market in District of Columbia, District of Columbia.
What is the median home price in District of Columbia, District of Columbia?
The median home price in District of Columbia, District of Columbia is $597,276, about the same as the District of Columbia average.
What is the average home price in District of Columbia, District of Columbia?
The typical home price in District of Columbia, District of Columbia, reported as the median sale price, is $597,276. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in District of Columbia, District of Columbia?
The median gross rent in District of Columbia, District of Columbia is $1,953 per month, about the same as the District of Columbia average.
What was the median gross rent in District of Columbia in 2020?
In 2020, the median gross rent in District of Columbia, District of Columbia was $1,607 per month.
What is the price-to-rent ratio in District of Columbia, District of Columbia?
The price-to-rent ratio in District of Columbia, District of Columbia is about 25.5, meaning it would take roughly 25.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in District of Columbia.
Are home prices or rent rising faster in District of Columbia, District of Columbia?
Both home prices and rent are rising in District of Columbia, up about 7.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in District of Columbia, District of Columbia?
37.3% of households in District of Columbia, District of Columbia own their home, about the same as the District of Columbia average.
What is the vacancy rate in District of Columbia, District of Columbia?
The housing vacancy rate in District of Columbia, District of Columbia is 10.1%, about the same as the District of Columbia average.
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